A dishonest milkman professes to sell milk at cost price but he mixes water into the milk and therefore he gains by 16\(\frac{2}{3}\)%. Find ratio of mixture to water.
Answer & explanation
Correct answer: option 1
Gain is because of added water
CP = Milk Price
SP – CP = Water added (Profit)
16\(\frac{2}{3}\)% = \(\frac{1}{6}\)
Milk : Water : Mixture
6 : 1 : 7
Mixture : Water = 7 : 1